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APICS SMR I,J,K,L,M
APICS Strategic management of resources vocab - I,J,K,L,M
| Question | Answer |
|---|---|
| Information system architecture | A model of how the org operates regarding information. the model considers 4 factors. 1.Org fncs. 2. Comm of coordinating reqs 3.Data modeling needs, and 4. management and control structures. the arch of the infosys should be aligned with the match theorg |
| In-sourcing | Using the firm's internal resources to provide goods and services |
| intellectual property | Various legal entitlements that attach to certain names, written and recorded media, and inventions |
| Internal rate of return | The rate of compoind interest at which the company's outstanding investment is repaid by proceeds from the project |
| ISO 14000 Series Standards | A series of generic environmental management stds developed by the International Organization of Standardization, which provide structure and systems for managing environmental compliance with legislative and regulatory reqs and affect every aspect. |
| ISO 9000-1 | A set of international stds on quality management and quality assurance developed to help companies effectively document the quality system elements to be implemented to maintain an efficient Q system. the stds published 1987,R not spec to any indstry |
| Job enlargement | An increase in the num of tasks that en employee performs. Job enlargement is associated with the design of jobs, particularly production jobs, and its purpose is to reduce employee dissatisfaction |
| Job enrichment | An increase in the num of tasks that an employee performs and an icnrease in the control over those tasks. It is associated with the design of jobs and especially the production worker's job. Job enrichment is an extension of job enlargement. |
| Key performance indicator(KPI) | A financial or nonfinancial measure, either tactical or strategic, that is linked to specific strategic goals and objectives. |
| Knowledge-based system | A computer program that employs knowledge of the structure of relations and reasoning rules to solve problems by generating new knowledge from the relationships about the subject. |
| Lag capacity strategy | A capacity approach in which, as demand increase, capacity is added after demand is realized. |
| Lead capacity strategy | A capacity strategy in which, as demand increases and is expected to increase, capacity is added prior to the realization of demand |
| Learning curve | A curve reflecting the rate of improvement in time per piece as more units of an item are made. a planning technique, the leraning curve is particularly useful in project-oriented industries in which new products are frequently phased in |
| Learning organization | 1.Grp of ppl who have woven a continuous, enhanced capacity to learn into the corporate culture. 2. An org in which learning processes are analyzed, monitored, developed, and aligned with competitive goals |
| Life-cycle costing | In evaluating alternatives, the consideration of all costs-including acquisition, operation, and disposition costs- that will be incurred over the entire time of product ownership |
| Local measures | The set of measurements that relates to a resource, operation, porocess, or part and usually has low correlation to global organization measures. Examples are errors per printed page, departmental efficiency, and volume discounts. |
| Managerial accounting | A branch of accounting that uses techniques such as break-even analysis, cost-volume profit analysis, make-buy analysis, and others to provide info used in day-today decision making |
| Manufacturing execution systems (MES)-1 | Programs and sys that participate in shop floor control, including programmed logic controllers and process control computers for direct and supervisory control of manuf equipment; process infosys that gather historical performance info, then gen repts. |
| Manufacturing strategy | A collective pattern of decisions that acts upon the formulation and deployment of manuf resources. To be most effective, the manuf strat should act in support of the overall strat direction of the biz and provide the competitive adv. |
| ISO 9000-2 | The stds were developed by International Organization for Standardization, known as ISO, a specialized international agency for standardization composed of the national stds bodies of 91 countries. the standards underwent major revision in 2008. |
| Manufacturing execution systems (MES)-2 | Graphical displays; and alarms that inform ops personnel what is going on in the plant currently and very short history to the past. QC info is also gathered and a lab info management sys may be part of this config to the Qdata that are generated |
| Manufacturing execution systems (MES)-3 | Thereby cause-and-effect relationships can be determined. The quality dadta at times affect the control parameters that are used to meet product specs either dynamically or off line. |
Created by:
chrisheecho
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